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Many are familiar with peak oil theory — the idea that global oil production will hit a ceiling and then decline — yet the concept of peak oil demand, where demand will plateau before supply, appears to be replacing this controversial hypothesis. Amy Myers Jaffe, Executive Director of Energy and Sustainability at UC Davis, recently wrote in the Wall Street Journal that a combination of technical, economic, environmental and demographic shifts could lead to peak global oil demand in the next two decades. By contrast, the Energy Information Administration (EIA) projects that global oil demand will rise from 87 million barrels per… [more]
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Economist
Environmental Defense Fund
Throughout most of the country, residential electricity customers pay the same price for electricity regardless of when it is consumed. Such flat rates mask the fact that true system costs vary over time according to electricity demand. Prices that better reflect the time-varying costs of producing and delivering electricity can lead to a number of economic and environmental gains, such as reduced wholesale prices, increased investment in clean distributed energy resources, and lower overall carbon emissions. Time-variant electricity pricing gives customers greater control over their electricity bills, since they can use electricity when it is cheaper and cut back when… [more]
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